Visa Inc. (NYSE:V) Shares Sold by Carmel Capital Partners LLC

Carmel Capital Partners LLC lessened its holdings in shares of Visa Inc. (NYSE:V) by 29.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 968 shares of the credit-card processor’s stock after selling 413 shares during the quarter. Carmel Capital Partners LLC’s holdings in Visa were worth $252,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Investment Advisory Services Inc. TX ADV lifted its holdings in Visa by 2.0% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after buying an additional 78 shares during the last quarter. Towerpoint Wealth LLC bought a new position in Visa during the 4th quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. bought a new position in Visa during the 4th quarter worth approximately $3,427,000. Wayfinding Financial LLC lifted its holdings in Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares during the last quarter. Finally, Richelieu Gestion SA bought a new position in Visa during the 4th quarter worth approximately $307,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on V. Royal Bank of Canada increased their target price on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Wedbush increased their target price on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Evercore ISI increased their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Susquehanna increased their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Visa Stock Down 0.6 %

Shares of V stock opened at $269.78 on Monday. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The stock has a market cap of $495.45 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. The business’s fifty day moving average is $279.58 and its 200-day moving average is $263.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period last year, the firm earned $2.18 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock worth $5,256,352 in the last three months. 0.19% of the stock is currently owned by insiders.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.